Privacy Policy

Important notice about your privacy rights

The big question is, what does Salem Seaport Credit Union do with your personal information?

Financial companies can choose how they share your personal information. While federal law requires us to tell you how we collect, share and protect your personal information, it also gives you the right to limit some, but not all information shared. Please read this notice carefully to understand what we do and why we do it.

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number and income
  • Account balances and payment history
  • Credit history and credit scores

The fact is, all financial companies need to share members' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members' personal information, the reasons Salem Seaport Credit Union chooses to share, and whether you can limit this sharing.

Reasons we might share your personal information:

  Do we share? Can you limit this sharing?
For our everyday business purposes
To process your transactions, maintain your account(s), respond to court orders and legal investigations or respond to credit bureaus Yes No
For our marketing purposes
To offer our products and services to you Yes No
For joint marketing with other financial companies No We don't share
For our affiliates' everyday business purposes
Information about your transactions and experiences No We Don't Share
Information about your creditworthiness No We Don't Share
For our affiliates to market to you No We Don't Share
For non-affiliates to market to you Yes No

Just so you know, non-affiliated third parties and financial institutions to which we may disclose your non-public personal information include insurance companies, investment advisors, and the like.

We restrict access to non-public personal information about you to those of our employees who need to know that information in order to provide financial products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your non-public information.

If you have any questions about any of this, call our Member Services Representatives at 978.744.1153.

Who is providing this notice?

Salem Seaport Credit Union

How does Salem Seaport protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

How does Seaport Credit Union collect my personal information?

We collect your personal information, for example, when you; open an account or deposit money; pay your bills or apply for a loan; use your credit or debit card. We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can't I limit all sharing?

Federal law gives you the right to limit sharing information for affiliates' everyday business purposes such as information about your creditworthiness, to limit affiliates from using your information to market to you, and to limit sharing for non-affiliates to market to you. State laws and individual companies may give you additional rights to limit sharing.

Definitions:

Affiliates - Companies related by common ownership or control. They can be financial and non-financial companies.

Non-affiliates - Companies not related by common ownership or control. They can be financial and non-financial companies. Example: CUNA Mutual Group – Member Connect

Joint marketing - A formal agreement between non-affiliated financial companies that together market financial products or services to you.

Other important information:

In accordance with Section 326 of the USA Patriot Act, you authorize us to verify and record information that identifies each person who opens an account. You further authorize us to check your account, credit and employment history, and obtain a credit report from third parties, including credit reporting agencies, to verify your eligibility for any account or services you request. Per Regulation V, also known as the FACT ACT, the credit union may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report.

The law requires each of the major nationwide reporting agencies to provide you with a free copy of your credit report, at your request, once every twelve months. The agency information is listed below:

Experian
701 Experian Parkway, P.O. Box 2002, Allen, TX 75013
www.experian.com/reportaccess

TransUnion
P.O. Box 1000, Chester, PA 19022
1.800.916.8800 | www.transunion.com

Equifax
P.O. Box 740241, Atlanta, GA 30374
1.800.685.1111 | www.equifax.com

The Federal Trade Commission also recommends that you report any incidents of identity theft directly to them. Contact them at FTC.gov or by calling 1-877-ID-THEFT (1.877.438.4338).